Fact sheet: M&G European Loan

Fund information

Fund name
M&G European Loan B GBP
Fund company manager
M&G Ireland
Fund type
SIB
Fund manager(s)
Dan Gardner
since 15/08/2005
Fiona Hagdrup
since 15/08/2005
Fund objective
The investment aim of the Fund is to create attractive levels of current income for investors while maintaining relatively low volatility of net asset value. The Fund principally invests in a diversified portfolio of leveraged loans and sub-participations in leveraged loans. The Fund may also invest in senior secured floating rate notes (being public bond issues that possess similar structural features and security to senior leveraged loans). The term ‘Leveraged Loans’ refers to debt issued by companies, typically to finance internal growth, acquisitions, mergers and leveraged buy-outs (LBOs) by private equity sponsors. The leverage refers to the capital structure of the issuing company, which incorporates a significant amount of debt (circa 50-70%).
Benchmark
No Specified Index
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

3.61 %

1 Year rank in sector

22/27

Sector

FO Fixed Int - Europe

Yield
-
Fund size

£ 3.7 b

FE Risk score

14

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    27.1%
  • USA
    16.7%
  • France
    12.5%
  • Germany
    11.8%
  • Netherlands
    6.7%
  • Others
    19.9%
  • Software
    10.8%
  • Support Services
    10.7%
  • Media
    9.4%
  • Foods
    8.3%
  • UK Fixed Interest
    27.1%
  • US Fixed Interest
    16.7%
  • French Fixed Interest
    12.5%
  • German Fixed Interest
    11.8%
  • Dutch Fixed Interest
    6.7%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.28 %1.33 %3.61 %11.38 %21.99 %
Sector-0.07 %1.62 %5.02 %10.35 %22.8 %
Rank within sector5 / 2819 / 2722 / 2713 / 2211 / 15
Quartile th1 st3 rd4 th3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund2.54 %5.01 %3.03 %2.48 %6.31 %
Sector3.67 %5.13 %1.14 %5.17 %4.22 %
Rank within sector22 / 2716 / 257 / 2315 / 1911 / 17
Quartile th4 th3 rd2 nd4 th3 rd

Risk statistics

Alpha2.59
Beta0.29
Sharpe0.07
Volatility1.66
Tracking error2.43
Information ratio0.02
R-Squared0.21

Price movement

52 week high87.05
52 week low86.06
Current bid price0
Current offer price0
Current mid price86.3

Holdings by region

  • 27.1% UK
  • 16.7% USA
  • 12.5% France
  • 11.8% Germany
  • 6.7% Netherlands
  • 4.5% Switzerland
  • 4.3% Spain
  • 3.8% Italy
  • 3.3% Sweden
  • 2.1% Ireland

Holdings by sector

  • 19.9% Others
  • 10.8% Software
  • 10.7% Support Services
  • 9.4% Media
  • 8.3% Foods
  • 7.9% Paper - Packaging & Printing
  • 6.4% Chemicals
  • 6.1% Health Care
  • 4.6% Household Goods
  • 4.5% Healthcare & Medical Products

Holdings by asset type

  • 27.1% UK Fixed Interest
  • 16.7% US Fixed Interest
  • 12.5% French Fixed Interest
  • 11.8% German Fixed Interest
  • 6.7% Dutch Fixed Interest
  • 4.5% Swiss Fixed Interest
  • 4.3% Spanish Fixed Interest
  • 3.8% Italian Fixed Interest
  • 3.3% Swedish Fixed Interest
  • 2.1% Irish Fixed Interest

Individual holdings

  • 2.9% ZIGGO
  • 2.6% INEOS
  • 2.3% VIRGIN MEDIA
  • 1.9% PHS
  • 1.8% JDE
  • 1.7% FLINT
  • 1.7% NUMERICABLE
  • 1.6% WIND ACQUISITIONS
  • 1.5% OGF
  • 1.5% QUINTILES IMS INC